Ultimately companies that abdicate their informatics operations like this will give their profits to their data-center operators, who will be empowered to charge them whatever price they want. Because what's their BATNA? Migrating from Azure to AWS when Microsoft doesn't want to let them? Renting your information infrastructure is a great way to reduce startup costs, but down the road, that information infrastructure…
Over time competition between the 3 major clouds combined with hardware getting cheaper will mean there is not going to be a massive jump in prices, if any at all.
It is not impossible to design relatively cloud-portable server software.
Also I think FedEx, and companies in general, would prefer to increase revenue rather than reduce costs (by running their own data center) in order to increase their net profit.